How Battery Storage Reduces Electricity Costs for Businesses
The global battery energy storage market size is estimated to be USD 50.81 billion in 2025 and is projected to reach USD 105.96 billion by 2030, at a CAGR of 15.8% during the forecast period according to a new report by MarketsandMarkets™. The key growth drivers for the battery energy storage system market include the expanding adoption of lithium-ion batteries in renewable energy applications and the accelerated deployment of grid-scale storage within modernization projects.